Fellow traders,
Nice and easy setup this. We have seen a recent downtrend on this pair and a nice pullback to resistance level with a bearish engulfing candle which suggest trend continuation.
I have therefore gone short on this one and anticipating it to make at least a double bottom. I've marked the tp and sl for you as well.
Trade safe and good luck.
Nice and easy setup this. We have seen a recent downtrend on this pair and a nice pullback to resistance level with a bearish engulfing candle which suggest trend continuation.
I have therefore gone short on this one and anticipating it to make at least a double bottom. I've marked the tp and sl for you as well.
Trade safe and good luck.
Trade closed: target reached
Trade closed with tp hit
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.